Nevada County picayune., 1887-09-22
ANSLEY VS. JEFFERSON.

AIN OLE SS. oG' GNS
 Ansley in his Jefferson article last week said, the population (at the date of hls letter quoted from, written in 1S13,) was j, 100000 Jefferson in his letter of that date to Mir, Eppes said, our population was 5000, ,000 Mir. Jefferson IS supported by the census of lSll, showing a population of l,239,9 ,9O3. Our neighbor has very treacher- ous memory, and is not good in mathematics. Don't you guess he was dandy school teachere
 The Dispatch admits, that rot ten egg has been found in his nest, that his citation of Jefferson, as supporting his false theories, was not warranted by Jeffersons teach ings. It wants to know If that Is proof that his entire nest is rotten. Yes, it makes prima facia case against you. Falsus iR Hno, .fd{sus ia omnibus. IL makes pTesump- ton that all your teachings are false. and your citations unreliable.
 In financial language these terms are sy- ponymous and interchangeable. The terms are always so understood in Political Econ omv. John Shermans objection to the Greehbacks was, that by the law of their creation they ''arc irredecmable There Is no place where they can be converted into coin." You see he uses the terms inter ehangeably Now to say that Jetiesson fav- ored paper convertible into coin is simply ridiculous misrepresentation. No lan- guage can be found in his work that can commit him to such an idea. He favored treasury notes "bottomed on taxes but in- convertible Ark ansas Dispatch,
 Of course If irredeemable and .inconvertible are synonymous, 1t follows. that we have point of agreement, redemption and con version are interchangeable and synonymous in financial parlance, as also are their derivations "re- deemable and convertible"
 From this point of agreement, we propose to prove in the first place, that Jefferson was in favor of convertible or redeemable treas ury notes, In his letter to Mir. Eppes. (from which you pretended to quote, but into which you have iuterpolated the word inconverti' ble, which is not in the letter,) on the page following the part which you misquote, Mir. Jefferson says; "But although we have so improv- ldently suffered the field of circula ting medium, to be tilched from Us by private individuals, yet think We may recover it in part, and even in the whole, if the states will co operate with us, if treas urv bills are emitted on tax ap. propriated for their redemption in fifteen years, and (to insure preference in the first moments of competition) bearing an interest ot six per cent. There is no one who would not take them in pref erence to the bank paper now ailoat. on a principle of patriotism as well aS interest, and they would be withdrawn from circula. ton into private hoards to con. siderable amount. Their credit once established. others might be emitted. bOttomcd also on a tax, but not bearing interest, and if ever their credit fattened, upon public loans. on which these bills alone should be received as specie, These operating as sinking fund, would reduce the quantity in cir eulation, so as to maintain that, in all equilibrium with Specie.'
 In same volume, page il9, he says: "Treasury notes of small, as ' we'll as high denomination, bottom ed on tax which would redeem them in ten years, would place at our disposal, the whole circulating medium of the United States. a {, fund of credit sufficient to carry l ns through any probable length of var
 On page iS2, he said, But con gtess conld have issued treasury ] notes. payable within a fixed pc riDd, and founded on specific | tax. the proceeds of which. as they | come in. should be eXchan geable |